Calastone, the global funds transaction network, today celebrated its expansion into the Nordic market by announcing that Wassum Securities, the Swedish firm that has won the Nordic Prize of best investment consultant over the last three years, is live and routing orders.

Wassum prides itself on serving institutional investors, unit linked companies, pension funds, family offices, foundations and fund managers. Working with Calastone will help further strengthen their trading processes in a secure, transparent and cost effective way.

Commenting on the announcement, Jon Willis, Chief Commercial Officer at Calastone said:“Calastone is committed to helping the funds industry realise the benefits of risk and cost reduction by offering an interoperable and fully automated approach to funds processing. Irrespective of size or location, our open attitude and industry-focused approach is designed with the domestic, regional and global characteristics of the funds industry in mind. As a key participant in this important Nordic territory, we are delighted that Wassum has joined our network and look forward to working with the Swedish fund community to deliver the benefits that automation has to offer.”

Tom-Erik Urø, Managing Director added, “ At Wassum, we are focused on helping our investment clients find the best possible investment opportunities and ensuring their transactions are processed both smoothly and securely. We were impressed by Calastone’s flexible approach, its efficient process and the network technology. Their extensive market coverage in the UK and Europe enables us to connect to a wide range of interesting fund companies, enabling us to further help our clients.”